Budgets 2013

The railway budget and union budgets have been presented in the parliament.
The railway budget has provisions of WiFi on trains. People were commenting on uncleanliness of our toilets. No one seemed to have suggestions. Dry soil toilets can be designed which can be rotated and mixed and used upto 5 to 6 toilet sessions.
Increase in rail reservation fees are practical steps to increase revenue for rail IT setups. It would have been better if investment is made in research to tackle crowd in passenger trains.
Our food and petroleum subsidies are very high. The government cannot tackle this on its own. Private public participation is a must to tackle this burden. It calls for a strong government at the center. People should support the government and should vote collectively for a secular, principled party at the center. A party which is experience itself personified. A party which is no different from the very definition of our country. Which party, you ask? Well, ask yourself. 

Shares Buyback

Warren Buffet of Berkshire Hathway made fortunes in share by using intelligence and diligence. He was a pioneer in buyback of shares. If the share market does not give him the money the shares deserves he would buyback. He knew his value and never hesitated to assert it as an action.
In India, we have seen reports of partial buyback. This is treated as unwelcome by SEBI and Shri Sinha is framing rules to prevent them.
The earlier SEBI chief Bhave was rumoured to be Ambani protege. Shri Sinha was in Finance ministry, Central Government and took the office of SEBI with confidence. From what we could read in newspapers, he seemed to have won the confidence of many over there in Mumbai Dalal Street.
Now this shares buyback thing. One thing why should not a businessman buyback his shares? Secondly why should not he buyback partially? It is a pure financial decision of the businessman which makes him do what he feels the best for his shares.
Framing rules like a government, by SEBI is uncalled for. What profitable financial activity is done by the government? Its activities are a loss in terms of fiscal deficit. Framing rules like government will only result in more and more malpractises. It is a wrong medicine for an incorrectly perceived illness.